How to import Panasonic P2 MXF files into FCP X?

When you back up footage shot on a P2 card on Panasonic’s DVCPRO to your PC, everything else from the card backed up fine except all these MXF files. If you are using Final Cut Pro X to perform further editing, you will find FCP X does not work well with the Panasonic DVCPRO P2 MXF videos. How to import Panasonic P2 MXF to FCP X for editing? FCP X deals very well with ProRes MOV files, but how to convert these damned Panasonic P2 MXF files to Apple ProRes for FCP X, FCP 7 or FCP 6?